$5,105 Closing Credit*
$429,900
1,379 SqFt
3 Beds
•2 Full Baths
Troy E Fitzgerald, Listing Office: RE/MAX Advantage Realty
Is Sykesville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Sykesville has remained a Seller's Market.
Key Takeaway
Sykesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sykesville, MD
How much do homes in Sykesville, MD cost?
Median Sold Price
$529,625
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,625(+8.1%)
Key Takeaway
Homes in Sykesville have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Sykesville was $529,625 in October 2024, up 8.1% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $203.5K | +4.4% |
| 2 Bedrooms | $270K | $275K | +1.9% |
| 3 Bedrooms | $415K | $451.5K | +8.8% |
| 4 Bedrooms | $620K | $650K | +4.8% |
| 5+ Bedrooms | $822.5K | $690K | -16.1% |
Summary: Sykesville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 16.1%.
Housing Supply in Sykesville, MD
How many homes are available in Sykesville, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 111 | +1.8% |
Summary: The Sykesville real estate market had 111 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 16 | +60.0% |
| 3 Bedrooms | 52 | 49 | -5.8% |
| 4 Bedrooms | 33 | 33 | 0.0% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Sykesville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 44 | +29.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sykesville, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in Sykesville in October 2024, up by 29.4% month-over-month. Of the 44 sold homes, 34% were sold under asking, 25% were sold at asking, and 41% were sold over asking.
Days on Market for Sykesville, MD
How long does it take to sell a home in Sykesville, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 20 Days | +60.2% |
Summary: Homes in Sykesville had an average of 20 days on market in Oct 2024, up by 60.2% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sykesville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 44 homes were sold in Sykesville; 77% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
